Franklin FTSE India ETF (NYSEARCA:FLIN) Shares Up 0.5% – Here’s Why

Franklin FTSE India ETF (NYSEARCA:FLIN)’s share price traded up 0.5% during trading on Tuesday. The company traded as high as $33.50 and last traded at $33.40. Approximately 342,091 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 700,841 shares. The stock had previously closed at $33.24.

Franklin FTSE India ETF Stock Performance

The business has a 50-day simple moving average of $34.47 and a two-hundred day simple moving average of $35.31. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 22.46 and a beta of 0.48.

Institutional Investors Weigh In On Franklin FTSE India ETF

A number of institutional investors have recently added to or reduced their stakes in FLIN. Royal Bank of Canada raised its holdings in Franklin FTSE India ETF by 19.4% during the first quarter. Royal Bank of Canada now owns 136,116 shares of the company’s stock worth $4,522,000 after purchasing an additional 22,146 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of Franklin FTSE India ETF during the 2nd quarter worth about $3,095,000. Bank of America Corp DE raised its holdings in Franklin FTSE India ETF by 121.4% in the 1st quarter. Bank of America Corp DE now owns 430,376 shares of the company’s stock valued at $14,297,000 after acquiring an additional 235,968 shares during the last quarter. Juncture Wealth Strategies LLC acquired a new position in Franklin FTSE India ETF in the third quarter valued at $3,863,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Franklin FTSE India ETF by 30.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 62,275 shares of the company’s stock valued at $2,097,000 after purchasing an additional 14,499 shares during the last quarter.

Franklin FTSE India ETF Company Profile

The Franklin FTSE India ETF (FLIN) is an exchange-traded fund that is based on the FTSE India RIC Capped index. The fund tracks a market cap-weighted index of large- and mid-cap Indian securities. FLIN was launched on Feb 6, 2018 and is managed by Franklin Templeton.